Max Biagosch leaves UniCredit for CPPIB: Reuters

(Reuters) – Maximilian Biagosch has joined Canada Pension Plan Investment Board (CPPIB) as a senior principal, leaving UniCredit after a brief stint as head of the high-yield bond syndicate.

The Italian bank hired Biagosch to run the high-yield syndicate in London in November last year. But a spokesperson for CPPIB confirmed that he has now joined the Canadian investment manager.

Before his short time at UniCredit, Biagosch worked at private equity firm Permira for seven-years, becoming head of their financing group in 2011.

CPPIB was in the news on Wednesday, after Altice announced it will buy 70 percent of U.S. cable firm Suddenlink from existing shareholders BC Partners, CPPIB and Suddenlink management.

BC Partners and CPPIB will retain a 30 percent stake.

UniCredit did not respond to a request for comment.

By Claire Ruckin and Robert Smith

(Reporting by Robert Smith, Editing by Helene Durand and Anil Mayre)

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